CSN comes to bond market

Brazil's CSN said it will issue new bonds to fund the buyback of up to $750m in 2019 and 2020 notes, setting up the steelmaker's return to the cross-border market after more than a year.
The company has hired Banco do Brasil, Bank of America, Bradesco BBI, JPMorgan, Morgan Stanley and Natixis to lead the sale of the new notes. The same banks are the dealer managers on the buyback, CSN said in a statement.
S&P Global gave the new notes a CCC+ plus rating, saying the buyback will help the comp